{"id":551449,"date":"2022-06-19T13:18:19","date_gmt":"2022-06-19T13:18:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/19\/earnings-watch-oih\/"},"modified":"2022-06-19T13:18:19","modified_gmt":"2022-06-19T13:18:19","slug":"earnings-watch-oih","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/19\/earnings-watch-oih\/","title":{"rendered":"Earnings watch: OIH"},"content":{"rendered":"<p><strong>EARNINGS WATCH-<\/strong><\/p>\n<p><strong>Orascom Investment Holding turned to the black in 1Q2022<\/strong> to report EGP 86.5 mn after reporting a loss of EGP 31 mn in the same quarter last year, the company\u2019s <a href=\"https:\/\/ent.news\/2022\/6\/oih-signed-consolidated-fs-for-q1-2022.pdf\">financials (pdf)<\/a>for the quarter showed. Operating revenues rose 51% to EGP 8 mn in the first quarter, compared to EGP 5.3 mn in the corresponding period last year.<\/p>\n<p><strong>MARKET ROUNDUP-<\/strong><\/p>\n<p><strong>The EGX30 fell 1.4% at today\u2019s close<\/strong> on turnover of EGP 431 mn (48.7% below the 90-day average). Foreign investors were net sellers. The index is down 18.6% YTD.<\/p>\n<p><strong>In the green: <\/strong>Abu Dhabi Islamic Bank Egypt (+3.5%), Cleopatra Hospitals (+2.3%) and Housing and Development Bank (+0.5%).<\/p>\n<p><strong>In the red: <\/strong>Qalaa Holdings (-4.7%), GB Auto (-4.5%) and MM Group (-4.2%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EARNINGS WATCH- Orascom Investment Holding turned to the black in 1Q2022 to report EGP 86.5 mn after reporting a loss of EGP 31 mn in the same quarter last year, the company\u2019s financials (pdf)for the quarter showed. Operating revenues rose 51% to EGP 8 mn in the first quarter, compared to EGP 5.3 mn in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7219],"tags":[409,68,633,642,618],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-551449","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-earnings-watch","tag-egx","tag-enterprisepm","tag-go-with-the-flow","tag-orascom-investment-holding","wpautop","entry"],"acf":{"mongo_id":"12866df2-62cc-4799-a754-203b5120ee76","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[551440],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Earnings watch: OIH - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/19\/earnings-watch-oih\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings watch: OIH\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Orascom Investment Holding turned to the black in 1Q2022 to report EGP 86.5 mn after reporting a loss of EGP 31 mn in the same quarter last year, the company\u2019s financials (pdf)for the quarter showed. 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Operating revenues were up to EGP 206.6 mn during the quarter from EGP 179.4\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":557935,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/oih-sees-net-losses-of-egp-35-5-mn-in-2q2021\/","url_meta":{"origin":551449,"position":1},"title":"OIH sees net losses of EGP 35.5 mn in 2Q2021","author":"enterpriseam admin","date":"13 September 2021","format":false,"excerpt":"EARNINGS WATCH- Orascom Investment Holding (OIH) incurred net losses of EGP 35.5 mn in 2Q2021, compared to losses of EGP 49.9 mn during the same quarter last year, according to their financial statements (pdf). Revenues rose to EGP 220.7 mn in 2Q2021, compared to EGP 177.3 mn in 2Q2020. For\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645015,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/10\/earnings-watch-orascom-telecom-media-and-technology-holding\/","url_meta":{"origin":551449,"position":2},"title":"EARNINGS WATCH- Orascom Telecom Media and Technology Holding","author":"enterpriseam admin","date":"10 July 2017","format":false,"excerpt":"EARNINGS WATCH- Orascom Telecom Media and Technology Holding (OTMT) reported a 7x increase in net profit for 1Q2017, which came in at EGP 388.5 mn, up from EGP 48.7 mn in 1Q2016, according to the company\u2019s consolidated financial statements (pdf). The growth in bottom line is likely owed to revenues\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555875,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/30\/orascom-financial-reports-egp-17-9-mn-net-income-in-3q\/","url_meta":{"origin":551449,"position":3},"title":"Orascom Financial reports EGP 17.9 mn net income in 3Q","author":"enterpriseam admin","date":"30 November 2021","format":false,"excerpt":"Orascom Financial Holding reported EGP 17.9 mn in net income in 3Q2021, raising total income since its inception in December last year to EGP 54.6 mn, according to the company\u2019sfinancials (pdf). The company, which was formed last year after Orascom Investment Holding spun off its financial services business, reported EGP\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598918,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/12\/earnings-watch-palm-hills-orascom-investment-holding\/","url_meta":{"origin":551449,"position":4},"title":"Earnings watch: Palm Hills, Orascom Investment Holding","author":"enterpriseam admin","date":"12 June 2019","format":false,"excerpt":"EARNINGS WATCH- Palm Hills Development (PHD) reported a 37% y-o-y drop in 1Q2019 net profit to EGP 141.2 mn, down from EGP 224.2 mn a year earlier, according to the company\u2019s earnings release (pdf). Revenues for the quarter fell 35% y-o-y to EGP 958.1 mn. The company\u2019s board announced on\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555026,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/29\/ofhs-3q2021-net-income-reaches-egp-17-9-mn\/","url_meta":{"origin":551449,"position":5},"title":"OFH\u2019s 3Q2021 net income reaches EGP 17.9 mn","author":"enterpriseam admin","date":"29 November 2021","format":false,"excerpt":"EARNINGS WATCH- Orascom Financial Holding\u2019s net income came in at EGP 17.9 mn in 3Q2021, with net earnings of EGP 54.6 mn since its inception in December last year, according to the company\u2019s financials (pdf). 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